4(1)In section 89, after subsection (1) there shall be inserted —
“(1A)Section 87 above shall not apply as regards an agreement to transfer securities to B or his nominee if the agreement is made by B in the ordinary course of his business as a market maker in securities consisting of related quoted options; and in this subsection —
(a)“quoted options” means options quoted on The Stock Exchange, and
(b)“related quoted options” means quoted options to buy or sell securities of the kind transferred.”
(2)This paragraph shall be deemed always to have had effect.